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Shop.org: 129.2 million Americans to shop online on Cyber Monday
Washington, D.C. -- A survey released by Shop.org and conducted by BIGinsight found that 129.2 million shoppers say they’ll head to retailers’ websites on Cyber Monday, up from the 122.8 million who shopped last year, and the 106.9 million who shopped on Cyber Monday in 2010.
The majority (85%) of retailers will have a special promotion for Cyber Monday, according to a prior survey.
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White House reports says fiscal cliff could take bite out of retail spending
Washington -- Consumer spending could drop by almost $200 billion next year while depressing real consumer-spending growth by 1.7% if middle-class taxes rise in response to the fiscal cliff, according to a report released Monday by a White House economic team.